Land Auction – Presho, SD

ATTENTION FARMERS, RANCHERS, HUNTERS & INVESTORS

785 +/- Acres of Cropland & Hay land all located 5 miles South of Presho, SD in Liberty Township, Lyman County, SD

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Location and Township Map

Tract 1 FSA & CRP                  Tract 2 FSA & CRP

Tract 3 FSA & CRP                  Tract 4 FSA & CRP

Auction Date:  Monday, August 26, 2019 @ 10:00 AM CST

Auction Location: Presho Fire Hall, 100 E 9^th St., Presho, SD

This will be a live off-site auction with pre-bidding & online bidding available. Online bidders must pre-register at danclarkauctions.hibid.com

Possession will be granted to the buyers upon final payment at closing on or before October 1, 2019

This real estate property will be offered as four separate tracts, and will not be offered in any combinations or as a whole.

Property Location: From Presho, SD go east on SD Hwy 16 to the junction of US Hwy 183 & SD Hwy 16, then go South on US Hwy 183, 4.75 miles. Auction signs will mark the property.

Auctioneer Note:  Dan Clark Auction & Realty, LLC has been given the honor to sell at a public auction these very attractive parcels of land that could serve as an excellent addition to any farming or livestock operation as well as a hunting or investment property. This property will be sold by the acre, based on the acres as stated on the county tax records, with the acres understood to be “more or less”. 

Seller: Jenson-Wise Family LP

Legal & Physical Descriptions:

Tract 1 – The E ½ of Section nine (9), Township one-hundred four (104) North, Range seventy-seven (77) West of the 5^th PM, Liberty Township, Lyman County, South Dakota.

• This parcel consists of 309.89 +/- acres of which there is a 59-acre lake bed in the middle West side. This property is located along US Hwy 183, has a productivity index of 66.7, and the taxes are $2,178.30.

Tract 2 – The SW ¼ of Section four (4), Township one-hundred four (104) North, Range seventy-seven (77) West of the 5^th PM , Liberty Township, Lyman County, South Dakota.      

• This parcel consists of 160 +/- acres of which there are 80.9 acres of farmground with the balance being CRP and hayground. There are 27.22 acres of CRP that are enrolled in the government program until 9/30/2023. Property is located along 246^th Street, one half mile West of US Hwy 183, the productivity index is 53.3, and the taxes are $856.98.

Tract 3 – The NW ¼, Less ROW, Section ten (10), Township one-hundred four (104) North, Range seventy-seven (77) West of the 5^th PM, Liberty Township, Lyman  County, South Dakota.

• The parcel consists of 155.7 +/- acres of which there are 60.33 acres of CRP that, according to FSA CRP contracts, are enrolled in the current government program until 9/30/2025 and 95.63 acres of non-cropland. This property is located along US Hwy 183, has a productivity index of 54.5, and the taxes are $887.88.

Tract 4 – The NE ¼ Section ten (10), Township one-hundred four (104) North, Range seventy-seven (77) West of the 5^th PM, Liberty Township, Lyman  County, South Dakota.

• The parcel consists of 160.0 +/- acres of which there are 150.7 acres of CRP. The FSA CRP contracts indicate 95.55 acres of these acres are enrolled in the program until 9/30/2021 and 55.15 acres are enrolled until 9/30/2025. Property is located ½ mile East US Hwy 183, has a productivity index of 54.6, and the taxes are $985.08.

Terms & Conditions:

This is a cash sale, which means potential buyers must have their financial arrangements secured prior to bidding.  There will be no buyer contingencies offered or accepted for financing, inspections, or appraisals.  Immediately upon the conclusion of the auction, the successful bidder(s) will be required to sign real estate purchase contract and to deposit with RE Broker/Auctioneer, a nonrefundable earnest money payment of ten (10) percent of the total purchase price. The earnest money payment will be made payable to the closing agency, Lyman County Title Company, PO Box 5, Kennebec, SD 57544. Balance of the purchase price is due in certified funds at closing on or before October 1, 2019. Buyer will receive full possession of this property after final payment has been made at closing.

Conveyance of marketable title will be transferred by Warranty Deed, free and clear of liens but subject to easements, reservations, and exceptions of record as well as statutory rights of way and other recorded easements at the time of sale. Owners’ title insurance policy will be provided to the buyer for examination prior to the auction. Cost of title insurance and closing fees will be divided equally 50% buyer & 50% seller.

This property is sold AS-IS / WHERE-IS. Property is being sold by legal descriptions only. Should a property survey become necessary, it will be at the buyers’ expense. Seller(s) do not warranty or guarantee the property boundaries are accurate. Any new boundary survey will be the responsibility of the Purchaser, pursuant to South Dakota statutes. All mineral rights (if any) owned by Seller will be transferred to the Buyer(s). All hunting rights will be transferred to the buyer(s) at the date of the closing. This property will be offered at the live auction by _X_ amount of dollars per acre times the taxable acres of each parcel equals (=) total dollars $__________________.

DISCLAIMER:

Property information provided was obtained from sources deemed reliable, however, the Seller(s) and Broker/Auctioneer are not making any guarantees to its accuracy.  Potential buyers are encouraged to conduct both on-site and off-site inspections of the property to the extent deemed necessary and rely upon their own pre-auction inspection when bidding.  The fence separating Tract 3 & Tract 4 may or may not be in the correct location. It is recommended the buyer(s) have a survey done at their own expense. The Auctioneer may accept absentee, phone or internet bids from bidders who cannot attend the auction. Bidding remotely does not guarantee anonymity. Video and audio recording devices will be in use during the auction which may be broadcast via the internet or used in other places. Winning bidder(s) acknowledges that they are representing themselves or have hired representation using their own financial means to complete the auction sales transaction. Dan Clark – Responsible Broker and associated licensees are acting as agents for the Seller and will be representing only the Seller’s interest in this transaction.  Statements made day of sale take precedence over all written material. This property is being sold subject to the Seller’s approval.  The Sellers reserve the right to accept or reject any and all bids. 

All 2019 crops and hay will be retained by current lessee. All crops and hay will be removed from property before the closing date.

Tax Peroration: All the 2018 & prior years RE taxes will be paid in full by the Seller(s). The 2019 taxes will be prorated to the date of closing.

Inspection – Showing Dates: Auction signs will mark the property. Potential buyers may inspect the property at their own convenience. Please be respectful!! Private showings may be done by calling Dan Clark Auction & Realty, LLC (605) 842-3300 to schedule an appointment.

Soil information is provided by Surety® Agridata™. Crop and base acres information is provided from USDA Farm Service Agency.